International District Merchants Parking Association
- Assets
- $439.0k
- Revenue
- $3.2m
- Investments
- $0.0
- Employees
- 56
- Location
- Seattle, WA
- Founding
- 10/1979
- Data as of
- 12/2018
- EIN
- 91-0985981
Organization Overview
International District Merchants Parking Association, operating under the name Merchants Parking Assoctransia, is located in Seattle, WA. The organization was established in 1979. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2018, Merchants Parking Assoctransia employed 56 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Merchants Parking Assoctransia is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2018, Merchants Parking Assoctransia generated $3.2m in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $3.1m during the year ending 12/2018. As we would expect to see with falling revenues, expenses have declined by (0.8%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2018
Describe the Organization's Mission:
Part 3 - Line 1
SOCIO-ECONOMIC ADVANCEMENT OF THE PEOPLES OF THE INTERNATIONAL DISTRICT THROUGH THE DEVELOPMENT, MANAGEMENT AND OPERATION OF PARKING AND TRANSPORTATION SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TRANSIA: FEES CHARGED TO GOVERNMENT AGENCIES AND OTHER NON-PROFIT AGENCIES FOR TRANSPORTING PARTICIPANTS IN THEIR PROGRAMS. PARA-TRANSIT SERVICES ARE PROVIDED TO LOW INCOME AND DISABLED INDIVIDUALS. AGENCIES SERVED INCLUDE THE SEATTLE KING COUNTY DIVISION OF AGING, DEPARTMENT OF SOCIAL HEALTH SERVICES, METRO, MEDICAID AND OTHERS.
PARKING: PARKING FEES FROM OPERATIONS OF PARKING LOTS IN THE SEATTLE INTERNATIONAL DISTRICT. THIS ACTIVITY ENABLES THE ORGANIZATION TO CONTINUE ITS EXEMPT PURPOSE OF ENSURING ADEQUATE PARKING AND EMPLOYMENT FOR RESIDENTS AND BUSINESSES IN THE INTERNATIONAL DISTRICT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nora Gibson Chairman | OfficerTrustee | 0.3 | $0 |
Paul Mar Vice Chairman | OfficerTrustee | 0.3 | $0 |
Michael Olson Executive Director | Officer | 50 | $104,339 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $3,166,750 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,166,750 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $500 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $104,339 |
| Compensation of current officers, directors, key employees. | $26,085 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,121,761 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $108,000 |
| Payroll taxes | $158,100 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $166,000 |
| Advertising and promotion | $500 |
| Office expenses | $67,125 |
| Information technology | $751 |
| Royalties | $0 |
| Occupancy | $422,350 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,500 |
| Interest | $1,000 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $174,000 |
| All other expenses | $12,125 |
| Total functional expenses | $3,089,801 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $155,641 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $283,369 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $439,010 |
| Accounts payable and accrued expenses | $79,953 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $79,953 |
| Unrestricted restricted net Assets | $359,057 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $359,057 |